RMB Appreciation Affects Textile And Garment Industry

Some Jiangsu enterprises have begun to seek new export models.

The response measures are concentrated in two aspects: first, choose the customers with strong, reputable and long-term cooperation to jointly resolve the risk of tax increase through consultation.

Dong Qibin said that through the comparison and selection of customers, the company chooses foreign large traders and department stores with good commercial reputation and strong economic strength as strategic partners to achieve long-term cooperation with each other in strong combination and complementary advantages. This makes the company always occupy a strong position in the market, thus firmly establishing the competitive advantage that stands out among many competitors.

Two, we should adjust the structure of import and export commodities, not be low-grade and high-grade, increase the proportion of imports appropriately, do more import processing business, and do more new projects.

Jiangsu sainty has already begun to adjust its products continuously, and strive to get rid of the low price competition mode, and support the export oriented products to a large and medium class with large scale, specialization, deep processing and high added value under the support of large-scale and modern industrial bases.

The export of bulk, low-grade and primary products will bear the brunt. For example, the competitiveness of cotton and grey fabrics has declined in the Southeast Asian countries, and the price level is almost the same. If the exchange rate even goes up slightly, it may be completely annihilated.

The adjustment of currency value is to adjust competitiveness, and the export situation of primary products is grim.

However, the impact of the industrial chain is still uncertain, and there are many factors that affect the market. Nor is the pure economic model able to explain and predict clearly.

However, the proportion of domestic textile enterprises' own breeds is relatively low, and this way is still a long way to go.

Jiangsu textile has been working hard to enhance its marketing and differentiation strategy, but at present, the export proportion of finished products is still less than 40%. As an exporters, it is imperative to develop towards the direction of finished products and deep processing.

Among them, the clothing industry of the terminal was the most affected, followed by weaving and printing and dyeing, chemical fiber also affected, textile machinery, embroidery and other industries also began to be implicated.

Therefore, in the face of severe challenges, textile enterprises are determined to accelerate the adjustment and speed up the pformation is imminent.